$345,000 AGR | $3MM Premiums in Pennington, NJ

LISTING SOLD

Market
Insurance
Member Level
Premier
Last Activity
this week
Listing Age
398 days old
General
Location
Pennington, NJ, US
Listing Type
Seller | Find Successor
Annual Premium 0% Annual Renewal 100%
Policies in Force
3,100
Annual Premiums
$3,000,000.00
Gross Revenue
$345,000.00
Avg Client Age
50
Overview

My business is comprised of an existing retail book of home, auto, life, and ancillary insurance clients. This agency has been at this location for over 10 years. I'm looking to sell the agency (book & existing agency including the rented space) to the right buyer.

This is an Allstate agency, the buyer would need to be someone who would become an Allstate agent (or already is) and manage the agency in the capacity of an Allstate agent and agency owner. For this reason, the buyer would need to be local to the area or relocate to the area to run the agency.

Timeline: Flexible, with a target of Spring 2019. I can stay on if the successor would like me to stay on during transition period.

Deal Terms: Agency purchase would require the approval of Allstate. There is 3rd party financing available with approved vendors (including Allstate).

Business Mix Info

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Life Insurance Business

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Health Insurance Business

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Auto Insurance Business

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Home Insurance Business

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Commercial Insurance Business

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Other Insurance Business

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Agency Management System

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